Debenhams extracts €66m dividend from its 11 loss-making Irish stores

The British retailer Debenhams has extracted a €66 million (£54.8 million) dividend from its loss-making Irish network of 11 department stores.

Ian Kehoe - avatar

Ian Kehoe

20th April, 2014
Debenhams on Henry Street, Dublin: its Irish operations posted a loss of £7.2 million in 2013. Picture: Feargal Ward

The British retailer Debenhams has extracted a €66 million (£54.8 million) dividend from its loss-making Irish network of 11 department stores.

The Irish unit paid the dividend in 2013 from its accumulated reserves, according to new company filings. The money was paid to the London retailer from its main Irish trading company Debenhams Retail (Ireland), via a transfer from another Dublin registered subsidiary called Debenhams Retail Holdings (Ireland).

The payment was the first time in recent years...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago